Aaron Wealth Advisors LLC Acquires 547 Shares of Okta, Inc. (NASDAQ:OKTA)

Aaron Wealth Advisors LLC lifted its holdings in Okta, Inc. (NASDAQ:OKTA) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,419 shares of the company’s stock after purchasing an additional 547 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Okta were worth $254,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Banque Cantonale Vaudoise lifted its position in Okta by 4.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 2,933 shares of the company’s stock worth $307,000 after buying an additional 122 shares in the last quarter. Caprock Group LLC boosted its position in Okta by 4.7% during the second quarter. Caprock Group LLC now owns 2,856 shares of the company’s stock valued at $267,000 after purchasing an additional 129 shares during the last quarter. National Bank of Canada FI grew its stake in Okta by 11.0% in the second quarter. National Bank of Canada FI now owns 1,315 shares of the company’s stock valued at $124,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Okta by 71.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 341 shares of the company’s stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Okta by 5.3% during the 2nd quarter. CWM LLC now owns 2,910 shares of the company’s stock worth $272,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Buying and Selling at Okta

In other news, CEO Todd Mckinnon sold 92,729 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $94.92, for a total value of $8,801,836.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Todd Mckinnon sold 92,729 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $94.92, for a total value of $8,801,836.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Jonathan James Addison sold 9,850 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $77.63, for a total transaction of $764,655.50. Following the completion of the sale, the executive now owns 14,601 shares in the company, valued at $1,133,475.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 343,989 shares of company stock worth $27,806,184 over the last 90 days. Insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

OKTA has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of Okta from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday. BTIG Research lowered their price objective on shares of Okta from $128.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday. BMO Capital Markets raised their target price on shares of Okta from $100.00 to $103.00 and gave the company a “market perform” rating in a research note on Thursday, August 29th. Susquehanna lowered their price target on Okta from $110.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, Bank of America cut Okta from a “buy” rating to an “underperform” rating and cut their price objective for the company from $135.00 to $75.00 in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Okta has an average rating of “Hold” and a consensus price target of $99.38.

Okta Price Performance

OKTA stock opened at $74.82 on Friday. The company’s 50-day moving average price is $80.44 and its two-hundred day moving average price is $89.20. Okta, Inc. has a 12 month low of $65.04 and a 12 month high of $114.50. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The firm has a market cap of $12.71 billion, a P/E ratio of -89.07, a P/E/G ratio of 18.05 and a beta of 1.02.

Okta (NASDAQ:OKTA) last released its earnings results on Wednesday, August 28th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.29. Okta had a negative return on equity of 1.10% and a negative net margin of 5.55%. The firm had revenue of $646.00 million during the quarter, compared to analysts’ expectations of $632.24 million. On average, analysts anticipate that Okta, Inc. will post 0.19 earnings per share for the current fiscal year.

Okta Profile

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.